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Wednesday, April 1, 2020  Spokane, Washington  Est. May 19, 1883
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Stories tagged: federal reserve


Fed unleashes groundbreaking measures to shore up reeling economy

The Federal Reserve, racing again to contain mounting economic and financial-market fallout from the coronavirus, unveiled a sweeping series of measures that pushed the 106-year old central bank deeper into …


Fed to buy as much government debt as needed to aid economy

In its boldest effort to protect the U.S. economy from the coronavirus, the Federal Reserve says it will buy as much government debt as it deems necessary and will also …


Federal Reserve establishes currency swaps with 9 central banks

The Federal Reserve has set up a program to exchange dollars for foreign currency with nine central banks to support dollar lending in global markets that are under pressure from …


UPDATED: Tue., March 17, 2020

Fed launches 2 emergency programs last seen in 2008 crisis

The Federal Reserve put in motion two emergency lending programs Tuesday that were last deployed in response to the 2008 financial crisis, aiming to ease the flow of credit to …


UPDATED: Sun., March 15, 2020

Fed slashes rates to near zero, eases bank lending rules

The Federal Reserve took emergency action Sunday and slashed its benchmark interest rate by a full percentage point to nearly zero and announced it would purchase more Treasury securities to …


Fed slashes rates to near zero in response to coronavirus fears, eases bank lending rules

The Federal Reserve took emergency action Sunday and slashed its benchmark interest rate by a full percentage point to nearly zero and announced it would purchase more Treasury securities to …


As virus roils markets, Trump again threatens Fed chairman

President Donald Trump says he has the power to fire or demote Federal Reserve Chairman Jerome Powell, adding new fuel to his criticism of the central bank’s leader as the …


Fed intervenes to try to calm markets but investors shrug

The Federal Reserve moved Thursday to try to ease disruptions in the financial markets stemming from the coronavirus by announcing that it will sharply increase its purchases of short-term Treasury …


UPDATED: Tue., March 3, 2020

Virus spread prompts Fed to slash rates in surprise move

The Federal Reserve will cut interest rates by a half-percentage point in its first emergency rate cut since the Great Recession in response to the spreading coronavirus.


UPDATED: Thu., Feb. 13, 2020

Trump Fed nominee Shelton faces skepticism at Senate hearing

One of President Donald Trump’s nominees for the Federal Reserve came under sharp questioning Thursday from senators who expressed skepticism at her unorthodox economic views, including two Republicans who raised …


Powell hears bipartisan Senate support for Fed independence

Republican and Democratic senators voiced strong support for an independent Federal Reserve during a hearing with Fed Chair Jerome Powell, one day after President Donald Trump launched another attack directed …


Fed turns to private data to help gauge economy’s performance

WASHINGTON – About a year ago, Federal Reserve officials were nervous. Markets were cratering. Fear about a trade war was rising. The officials needed to know if the turmoil was …


Fed leaves key rate unchanged at low level amid global risks

The Federal Reserve kept its benchmark interest rate unchanged at a low level Wednesday amid an economy that looks solid but faces potential global threats.


Fed seems content with low rates but confronts challenges

For the first time in years, Federal Reserve officials will hold their latest policy meeting this week feeling broadly satisfied with where interest rates are and with seemingly no inclination …


Fed leaves low rates alone and foresees no moves in 2020

The Federal Reserve left its benchmark interest rate alone Wednesday and signaled that it expects to keep low rates unchanged through next year.


Fed is likely to reinforce a message of continued low rates

The Federal Reserve is expected to send a clear message when its latest policy meeting ends Wednesday: Interest rates will likely stay ultra-low for the foreseeable future.


UPDATED: Mon., Dec. 9, 2019

Former Federal Reserve Chairman Paul Volcker has died

Paul Volcker, the former Federal Reserve chairman who in the early 1980s raised interest rates to historic highs and triggered a recession as the price of quashing double-digit inflation, has …


UPDATED: Mon., Nov. 18, 2019

Trump summons Powell to discuss rates amid WH attacks on Fed

President Donald Trump summoned Federal Reserve Chairman Jerome Powell to the White House on Monday to discuss the economy and interest rates – issues on which Trump has repeatedly attacked …


UPDATED: Wed., Nov. 13, 2019

Fed’s Powell sees steady growth, signals pause in rate cuts

Federal Reserve Chairman Jerome Powell expects the U.S. economy to continue growing at a solid pace, though it still faces risks from slower growth overseas and trade tensions.


UPDATED: Wed., Oct. 30, 2019

Fed cuts rates for a 3rd time but signals it will now pause

The Federal Reserve cut short-term interest rates Wednesday for a third time this year to try to support the economy. But it signaled that it plans no further cuts unless …


Here’s the single phrase to watch for from the Fed this week

Economists and investors who are trying to get a fix on what the Federal Reserve may do in the months ahead have zeroed in on a single phrase in the …


Fed approves rules to loosen bank restrictions

The Federal Reserve is easing restrictions imposed on banks following the 2008 financial crisis, giving a victory to the banking industry and President Donald Trump.


Powell faces key question: What’s wrong with low inflation?

On Wednesday, Fed Chairman Jerome Powell instead said that low inflation can create problems for the U.S. economy, calling it one of the “longer-term challenges” facing the United States.


UPDATED: Mon., Sept. 23, 2019

Trump’s Fed tweets shown to have ‘significant’ effect on trading

President Donald Trump’s Twitter attacks on the Federal Reserve are prompting investors to bet the central bank will bow to political pressure and lower interest rates, according to a new …


UPDATED: Wed., Sept. 18, 2019

A divided Fed cuts key rate for 2nd time this year

A sharply divided Federal Reserve cut its benchmark interest rate Wednesday for a second time this year while saying it’s prepared to continue doing what it deems necessary to sustain …


UPDATED: Mon., Sept. 16, 2019

With Trump trade war a threat, Fed is set to cut rates again

For a second straight time, the Federal Reserve is set to cut interest rates this week to try to protect the economy from the consequences of a global slowdown and …


Fed survey says growth is steady despite Trump’s trade wars

The Federal Reserve said Wednesday the U.S. economy is still growing steadily and most businesses are optimistic, even in the face of President Trump’s trade wars.


Powell may signal future rate cuts, but would they matter?

Under the glare of a spotlight, Chairman Jerome Powell may signal Friday what the Federal Reserve will do – or can do – to strengthen the economy and restore confidence …


UPDATED: Wed., July 31, 2019

Fed cuts key rate in its first reduction in more than decade

The Federal Reserve cut its key interest rate Wednesday for the first time in a decade to try to counter threats ranging from uncertainties caused by President Donald Trump’s trade …


UPDATED: Tue., July 16, 2019

Powell says financial crisis accelerated economic changes

Fed Chairman Powell says 2008 financial crisis accelerated major changes in U.S. and global economies.